Fitch cuts Italy, Spain, other euro zone ratings Reuters - 9 hrs agoNEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings … More »Fitch cuts Italy, Spain, other euro zone ratings
NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings agency said the affected countries were vulnerable in the near-term to monetary and financial …
Subpoenas issued to financial firms in expanded probe Reuters - 13 hrs agoWASHINGTON (Reuters) - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric … More »Subpoenas issued to financial firms in expanded probe
WASHINGTON (Reuters) - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday. Holder declined to provide specifics, including the names of the firms. "We …
Police search News International offices, arrest four Reuters - 1 hr 4 mins agoLONDON (Reuters) - Police said on Saturday they were searching the London offices of Rupert Murdoch's News International and had arrested four people, including a policeman, in an investigation into suspected payments to … More »Police search News International offices, arrest four
LONDON (Reuters) - Police said on Saturday they were searching the London offices of Rupert Murdoch's News International and had arrested four people, including a policeman, in an investigation into suspected payments to police officers for information. The probe is linked to a continuing investigation into phone hacking …
In Facebook IPO, bankers seek prestige over fees Reuters - 15 hrs ago(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. The world's largest online social network is expected to … More »In Facebook IPO, bankers seek prestige over fees
(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. The world's largest online social network is expected to tap public markets for $10 billion in the coming months in an offering that will value the company at …
- Apple not turning "blind eye" to supply chain problems: CEO Reuters - 15 hrs ago
SAN FRANCISCO (Reuters) - Apple Inc has never turned "a blind eye" to the problems in its supply chain and any suggestion it does not care about the plight of workers is "patently false," Apple Chief Executive Tim Cook said in an email to employees. Cook was responding to a report in The New York Times about working conditions …
- Obama seeks to rally Democrats to election-year fight Reuters - 15 hrs ago
CAMBRIDGE, Maryland (Reuters) - President Barack Obama vowed on Friday to push back hard against Republicans who try to obstruct his election-year proposals on taxes and jobs, as he sought to rally congressional Democrats and move past a period of strained relations. Wrapping up a cross-country tour to promote a populist …
- Growth quickens, but speed bumps ahead Reuters - 15 hrs ago
WASHINGTON (Reuters) - The economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012. Gross domestic product expanded at a 2.8 percent annual rate, the Commerce Department said on Friday, a sharp acceleration …
- Leadership scramble: GOP rivals vie for title AP - 4 hrs ago
The Republican presidential contenders are making a pitch to voters that sounds a lot like a children's game: Follow the leader.
- Feisty Gingrich stakes campaign on electability AP - 4 hrs ago
Newt Gingrich has staked his presidential bid on one idea: that he is best positioned to defeat President Barack Obama. Even some of his supporters seem to be struggling to buy the former House speaker's claim, an indication that chief rival Mitt Romney's efforts to undercut him may be working.
- IMF chief: Some euro countries can boost growth AP - 2 hrs 22 mins ago
The head of the International Monetary Fund said Saturday that some countries that use the euro have the flexibility to boost growth to help shore up the ailing eurozone economy, which is widely-expected to sink back into recession.
- College presidents wary of Obama cost-control plan AP - 4 hrs ago
Public university presidents facing ever-increasing state budget cuts are raising concerns about President Barack Obama's plan to force colleges and universities to contain tuition prices or face losing federal dollars.
- British police arrest 5 in tabloid bribery probe AP - 51 mins ago
British police searched the offices of Rupert Murdoch's British newspapers Saturday after arresting a police officer and four current and former staff of his tabloid The Sun as part of an investigation into police bribery by journalists.
- Obama to senators: Change the way you do business AP - 12 mins ago
President Barack Obama is pressing his case for changes in how the Senate does business, hoping to ease the partisan gridlock, and he wants to bar lawmakers from profiting from their service.
- Despair, crackdowns breed more violence in Tibet AP - 2 hrs 21 mins ago
A young man posts his photo with a leaflet demanding freedom for Tibet and telling Chinese police, come and get me. Protesters rise up to defend him, and demonstrations break out in two other Tibetan areas of western China to support the same cause.
- 911 call reveals frantic efforts to help Moore AP - 4 hrs ago
A 911 recording revealed frantic efforts by friends of Demi Moore to get help for the actress who was convulsing as they gathered around her and tried to comfort her.
- Bradley Cooper, Zoe Saldana celebrate at Sundance AP - 2 hrs 18 mins ago
Bradley Cooper and Zoe Saldana came to the Sundance Film Festival to promote their closing-night film, "The Words."
- Azarenka routs Sharapova to win Australian title AP - 20 mins ago
Victoria Azarenka started celebrating, then suddenly did a double-take to ask her coach, "What happened?"
Wizard Woods takes clubhouse lead in Abu Dhabi Reuters - 31 mins ago
ABU DHABI (Reuters) - A series of accurate strikes and a deadly touch with the putter helped Tiger Woods to move within sight of his first victory in a full-field event for more than two years at the Abu … More »Wizard Woods takes clubhouse lead in Abu Dhabi
ABU DHABI (Reuters) - A series of accurate strikes and a deadly touch with the putter helped Tiger Woods to move within sight of his first victory in a full-field event for more than two years at the Abu Dhabi Championship on Saturday. The former world number one was kitted out in grey shirt and trousers but there was nothing …
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